Longleaf School of the Arts

Analysis

Longleaf School of the Arts is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Longleaf School of the Arts reported income of $4.8m and spending of $4.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $4.8m (+45%), an average of +9.8% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Longleaf School of the Arts sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Long Now Foundation ($4.8m), Sunflowers Academy Inc ($4.8m) and Sigma Phi Epsilon Educational Foundation ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.4% and program service revenue 91% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $19.1m against liabilities of $17.0m, net assets of $2.2m. It reported 71 employees.